Obama’s Class-Warfare Tax Policy Threatens America’s Economy

The most amazing – or perhaps frightening – part of this video is listening to Obama say he supports higher tax rates even if they damage the economy so much that the government doesn’t collect any additional revenue. Wow.

Please share widely. We need to educate people so they do not get seduced by the politics of hate and envy.

[…] penalize success with high tax rates. I’ve explained why this is economically misguided in a video on class-warfare tax policy, but it’s also worth pointing out that a simple and fair tax system like the flat tax makes […]

[…] Contributors A Debate Between John F. Kennedy and Barack Obama by Dan Mitchell Here’s a clever video produced by the Winston Group, comparing the tax policies of two Democratic Presidents. Having previously highlighted Kennedy’s tax-cutting approach, it is painful for me to observe the class warfare approach of the Obama Administration. […]

[…] September 8, 2010 by Dan Mitchell Here’s a clever video produced by the Winston Group, comparing the tax policies of two Democratic Presidents. Having previously highlighted Kennedy’s tax-cutting approach, it is painful for me to observe the class warfare approach of the Obama Administration. […]

[…] growth. Investors and entrepreneurs have little reason to produce and take risks, after all, when they know the burden of government is going to climb. Especially when you add uncertainty to the […]

[…] growth. Investors and entrepreneurs have little reason to produce and take risks, after all, when they know the burden of government is going to climb. Especially when you add uncertainty to the […]

[…] This made my day, from Dr. Daniel J. Mitchell at the Cato Institute. Here are a handful of the posters being used in the United Kingdom to fight the perversely-destructive proposal to increase tax rates on capital gains. But this isn’t just a popularity contest. With Obama pushing for higher capital gains rate in America, it’s important to find the most persuasive ways of educating people about the damage of class-warfare tax policy. […]

[…] But this isn’t just a popularity contest. With Obama pushing for higher capital gains rate in America, it’s important to find the most persuasive ways of educating people about the damage of class-warfare tax policy. […]

[…] Here’s a clever video produced by the Winston Group, comparing the tax policies of two Democratic Presidents. Having previously highlighted Kennedy’s tax-cutting approach, it is painful for me to observe the class warfare approach of the Obama Administration. […]

[…] so the overall packages were not acceptable, but it nonetheless is remarkable that they rejected Obama’s approach of class-warfare taxation based on higher tax rates. Surely the House GOP can take the good parts of those plans and push […]

[…] so the overall packages were not acceptable, but it nonetheless is remarkable that they rejected Obama’s approach of class-warfare taxation based on higher tax rates. Surely the House GOP can take the good parts of those plans and push […]

[…] so the overall packages were not acceptable, but it nonetheless is remarkable that they rejected Obama’s approach of class-warfare taxation based on higher tax rates. Surely the House GOP can take the good parts of those plans and push […]

[…] more motivated by revenue maximization than it is by a class-warfare impulse to punish the rich. As Obama said during a Democratic debate in 2008, he didn’t care whether higher taxes raised more […]

[…] more motivated by revenue maximization than it is by a class-warfare impulse to punish the rich. As Obama said during a Democratic debate in 2008, he didn’t care whether higher taxes raised more […]

[…] more motivated by revenue maximization than it is by a class-warfare impulse to punish the rich. As Obama said during a Democratic debate in 2008, he didn’t care whether higher taxes raised more revenue. Daniel J. […]

[…] more motivated by revenue maximization than it is by a class-warfare impulse to punish the rich. As Obama said during a Democratic debate in 2008, he didn’t care whether higher taxes raised more […]

[…] part, the White House is recycling class warfare ideas from last year’s budget. The President wants higher tax rates, including higher taxes on investors, entrepreneurs, and small business owner…. He also wants to increase the tax burden of American companies that are competing for market share […]

[…] part, the White House is recycling class warfare ideas from last year’s budget. The President wants higher tax rates, including higher taxes on investors, entrepreneurs, and small business owner…. He also wants to increase the tax burden of American companies that are competing for market share […]

[…] part, the White House is recycling class warfare ideas from last year’s budget. The President wants higher tax rates, including higher taxes on investors, entrepreneurs, and small business owner…. He also wants to increase the tax burden of American companies that are competing for market share […]

[…] large part, the White House is recycling class warfare ideas from last year's budget. The President wants higher tax rates, including higher taxes on investors, entrepreneurs, and small business owner…. He also wants to increase the tax burden of American companies that are competing for market share […]

[…] White House is recycling class warfare ideas from last year’s budget. The President wants higher tax rates, including higher taxes on investors, entrepreneurs, and small business owner…. He also wants to increase the tax burden of American companies that are competing for market share […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher […]

[…] appears that President Obama wants to radically change this system so that it is based on a class-warfare model. During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant […]

[…] appears that President Obama wants to radically change this system so that it is based on a class-warfare model. During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant […]

[…] appears that President Obama wants to radically change this system so that it is based on a class-warfare model. During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant […]

[…] appears that President Obama wants to radically change this system so that it is based on a class-warfare model. During the 2008 campaign, for instance, then-Senator Obama suggested that the program’s […]

[…] appears that President Obama wants to radically change this system so that it is based on a class-warfare model. During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant […]

[…] puts Democrats in a tough position. They can play the politics of class warfare (as Obama likes to do) and say only the “rich” will pay higher taxes, but voters don’t dislike their upper-income […]

[…] of excessive government since politicians would spend any additional revenue. And the kind of class-warfare taxes Obama has in mind would further undermine growth, adding to the nation’s fiscal […]

[…] of excessive government since politicians would spend any additional revenue. And the kind of class-warfare taxes Obama has in mind would further undermine growth, adding to the nation’s fiscal […]

Well, well, well, … Obama Care is catching,
as law school professor he honed an edge,
students gave him skills and room to hedge;

Internet’s Revolution does show us solutions;
Second Law of Thermodynamics favors wins;
tangents show ways that reduce complexities.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~!
Mathematics’ abstracts lead to fewer unknows,
grammer’s the same, confusion’s necessary,
growth then follows with luck and less folly.

[…] We don’t know the revenue-maximizing point of the Laffer Curve, but Obama seems determined to push tax rates so high that the government collects less revenue. Not that we should be surprised. During the 2008 campaign, he actually said he would like higher tax rates even if the government collected less revenue. […]

[…] So what does all this mean? Simply stated, there are many other fiscal reforms that I prefer, but a temporary extension of the payroll tax holiday is better than nothing – assuming, of course, it is not poisoned by accompanying class-warfare tax hikes. […]

[…] is right and wrong. Obama is pursuing policies that Wall Street doesn’t like, such as class-warfare tax hikes. On the other hand, he supported the TARP bailout and pushed for the Dodd-Frank bailout legislation […]

[…] don’t know, of course, what the President will say tonight. But based on press reports, this would be my response. Rate this: Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike […]

[…] everyone but Mr. Johnston: The higher the tax rates, the greater the non-compliance: Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] So what does all this mean? Simply stated, there are many other fiscal reforms that are preferable, but a temporary extension of the payroll tax holiday is better than nothing—assuming, of course, it is not poisoned by accompanying class-warfare tax hikes. […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] is important because it shows the value of framing an issue. Instead of defensively responding to Obama’s class warfare, proponents of good tax policy should be making a philosophical/economic point that “nobody […]

[…] is important because it shows the value of framing an issue. Instead of defensively responding to Obama’s class warfare, proponents of good tax policy should be making a philosophical/economic point that “nobody in […]

[…] But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a good summary of the various tax hikes, most of which are based on punitive, class-warfare ideology. […]

[…] of this image gets high marks for creativity, I do have one small suggestion. Given Obama’s preference for class-warfare tax hikes, perhaps the image would be more accurate if $100 bills were used. Rate this: Share […]

[…] motivates me. As such, even though the panel was stacked against me with three proponents of Obama’s class warfare approach, I hope I did a decent job of defending good tax policy against the statists in this debate on […]

[…] motivates me. As such, even though the panel was stacked against me with three proponents of Obama’s class warfare approach, I hope I did a decent job of defending good tax policy against the statists in this debate on […]

[…] We don’t know the revenue-maximizing point of the Laffer Curve, but Obama seems determined to push tax rates so high that the government collects less revenue. Not that we should be surprised. During the 2008 campaign, he actually said he would like higher tax rates even if the government collected less revenue. […]

[…] most leftist leaders would like to impose higher tax rates on success, even if the government collects less revenue. Rate this: Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike […]

[…] with bloated welfare states. There is nothing about high tax rates, even though most nations have punitive systems that discourage work, saving, investment, and entrepreneurship. There is nothing about the overall burden of regulation and red tape, particularly the supposedly […]

[…] wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to think those policies would be good for America. […]

[…] I’m guilty of usually seeing the world through a rigid prism of right vs wrong. But I think that’s understandable since I’m often writing about clear-cut issues such as the corrupting nature of big government or the foolishness of class-warfare tax policy. […]

[…] voters resist the Washington-Monument-Syndrome demagoguery of the political elite and reject the class-warfare tax hike, then it’s possible that lawmakers will finally do the right thing and reduce the […]

[…] wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to think those policies would be good for America. […]

[…] and Laffer and Moore also explain how those two supporters of statism exacerbated the damage with class-warfare tax policy. Like President Obama, President Hoover proposed massive tax increases. Unlike Mr. Obama, Hoover […]

[…] But these soirees are more than just money-wasting junkets. They also encourage bad policy. With everything that’s happening around the world, the evidence is stronger than ever about the adverse economic consequences of bloated public sectors and punitive tax regimes. […]

[…] But these soirees are more than just money-wasting junkets. They also encourage bad policy. With everything that’s happening around the world, the evidence is stronger than ever about the adverse economic consequences of bloated public sectors and punitive tax regimes. […]

[…] the answer is easy. They simply care about getting elected and holding power. So if they think class-warfare tax policy is the way of achieving those narcissistic goals, they’ll push higher tax rates. Even if it […]

[…] motivates me. As such, even though the panel was stacked against me with three proponents of Obama’s class warfare approach, I hope I did a decent job of defending good tax policy against the statists in this debate on […]

[…] If you’re thinking this sounds familiar, you probably remember President Obama’s infamous statement during the 2008 campaign that he wanted to raise the capital gains tax rate for reasons of “fairness” regardless of whether tax revenues decreased (if you think I’m somehow exaggerating or distorting his words, just go to the 4:20 mark of this video). […]

[…] Indeed, I just appeared on Fox Business Network to talk about a new study showing an exodus from Maryland following the imposition of some class warfare tax hikes (which simply confirms earlier analysis showing the same trend), and at no point was there any discussion about whether the state’s taxpayers had some sort of moral obligation to stay put and get fleeced by Obama-style tax policy. […]

[…] part of his campaign to expand the size and scope of the federal government (and to justify his advocacy of class-warfare taxation), President Obama has been asserting that all of us benefit from government […]

[…] Indeed, I just appeared on Fox Business Network to talk about a new study showing an exodus from Maryland following the imposition of some class warfare tax hikes (which simply confirms earlier analysis showing the same trend), and at no point was there any discussion about whether the state’s taxpayers had some sort of moral obligation to stay put and get fleeced by Obama-style tax policy. […]

[…] the answer is easy. They simply care about getting elected and holding power. So if they think class-warfare tax policy is the way of achieving those narcissistic goals, they’ll push higher tax rates. Even if it means […]

[…] though tax reform should appeal to well-meaning liberals, Obama seems committed to the class-warfare approach . Romney, meanwhile, mostly wants to tinker with the current system (when he’s not saying […]

[…] Second, politicians are very reluctant to lower tax rates on groups that can be demagogued, such as “rich people” and “big corporations.” This is the destructive mentality that drives class-warfare tax policy. […]

[…] he may want to chat with fellow tax-averse actor Jon Lovitz before moving back to America. Obama’s class-warfare agenda isn’t as bad as what Hollande is trying to impose, but it’s not Hong Kong or the Cayman […]

[…] Second, politicians are very reluctant to lower tax rates on groups that can be demagogued, such as “rich people” and “big corporations.” This is the destructive mentality that drives class-warfare tax policy. […]

[…] I have nothing against rich people. But I utterly despise people who get rich using the state. If they earn their money honestly, I’ll defend them to my last breath and I’ll fight against those who want to seize their earnings via class-warfare tax policy. […]

[…] (or decided to ignore) the lessons of the Reagan era, British politicians also have gravitated to a class-warfare approach. Allister points out that this is having a negative impact. Yet times are changing, and not just […]

[…] decided to ignore) the lessons of the Reagan era, British politicians also have gravitated to a class-warfare approach. Allister points out that this is having a negative impact. Yet times are changing, and not just […]

[…] If you’re thinking this sounds familiar, you probably remember President Obama’s infamous statement during the 2008 campaign that he wanted to raise the capital gains tax rate for reasons of “fairness” regardless of whether tax revenues decreased (if you think I’m somehow exaggerating or distorting his words, just go to the 4:20 mark of this video). […]

[…] left will never learn – in large part because they’re more interested in punishing success with class warfare tax policy than they are in collecting extra revenue for government. But surely there are some statists who […]

[…] famous example, but that was before I started this blog. Previous entries on my list include.In my video on class warfare, I noted that Obama said in 2008 that – for reasons of “fairness” – he wanted to raise the […]

[…] report card uses variables such as the burden of government spending and the degree of class warfare tax policy to determine which states are moving in the right direction and which ones are moving in the wrong […]

[…] report card uses variables such as the burden of government spending and the degree of class warfare tax policy to determine which states are moving in the right direction and which ones are moving in the wrong […]

[…] spending, which means the numerator in the equation is going in the wrong direction. And he wants class-warfare tax policy and more red tape, which makes it even harder for the denominator to move in the right […]

[…] spending, which means the numerator in the equation is going in the wrong direction. And he wants class-warfare tax policy and more red tape, which makes it even harder for the denominator to move in the right […]

[…] taxes, but he usually claims he only wants higher tax rates on evil rich people as part of his class-warfare agenda. Heck, he promised back in 2008 that, “no family making less than $250,000 a year will […]

[…] clearly is signally that he wants to move this bad plan even further to the left, most notably with class-warfare increases in top tax rates, which is contrary to one of the few good features in the Bowles-Simpson […]

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[…] stimulus was a flop. Obamacare made a bad healthcare system even worse. He keeps pushing for class-warfare tax policy. And he wants to increase the burden of government spending. I fully expect him to pursue the same […]

[…] structured the measure so that the majority of voters would be unaffected. It was basically a class-warfare proposal, with a small fraction of the population being targeted to generate (at least in theory) a bunch of […]

[…] for instance, that the OECD has allied itself with the Obama Administration to push for class-warfare tax policy. And it’s disgusting that these pampered bureaucrats at the IMF get tax-free salaries while […]

[…] If you’re thinking this sounds familiar, you probably remember President Obama’s infamous statement during the 2008 campaign that he wanted to raise the capital gains tax rate for reasons of “fairness” regardless of whether tax revenues decreased (if you think I’m somehow exaggerating or distorting his words, just go to the 4:20 mark of this video). […]

[…] would be bad news, it’s not the worst possible outcome. President Barack Obama has proposed a class-warfare plan that would repeal the sequester and maintain—and exacerbate—the tax hikes on the so-called […]

[…] markets skittish, but I’m much more worried about Obama bullying the GOP into agreeing to a class-warfare deal that leads to higher tax rates on investors, entrepreneurs, and small business owners, as well as […]

[…] markets skittish, but I’m much more worried about Obama bullying the GOP into agreeing to a class-warfare deal that leads to higher tax rates on investors, entrepreneurs, and small business owners, as well as […]

[…] wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to think those policies would be good for […]

[…] Eugene Robinson is one of the group-think columnists at the Washington Post. Like E.J. Dionne, he is an utterly predictable proponent of big government. So it won’t surprise you to know that he wants taxes to go up and he’s a big fan of Obama’s class-warfare agenda. […]

[…] Eugene Robinson is one of the group-think columnists at the Washington Post. Like E.J. Dionne, he is an utterly predictable proponent of big government. So it won’t surprise you to know that he wants taxes to go up and he’s a big fan of Obama’s class-warfare agenda. […]

[…] am I sharing these numbers? Because let’s now think about President Obama’s proposed class-warfare tax hike. He wants higher tax rates on investors, entrepreneurs, small business owners and other […]

[…] why am I sharing these numbers? Because let’s now think about President Obama’s proposed class-warfare tax hike. He wants higher tax rates on investors, entrepreneurs, small business owners and other “rich” […]

[…] Unless the law is changed, big tax increases will be imposed on all taxpayers next year. This is the so-called fiscal cliff, and President Obama is using this unpalatable situation as an excuse to push for his class-warfare tax policy. […]

[…] Unless the law is changed, big tax increases will be imposed on all taxpayers next year. This is the so-called fiscal cliff, and President Obama is using this unpalatable situation as an excuse to push for his class-warfare tax policy. […]

[…] Unless the law is changed, big tax increases will be imposed on all taxpayers next year. This is the so-called fiscal cliff, and President Obama is using this unpalatable situation as an excuse to push for his class-warfare tax policy. […]

[…] Unless the law is changed, big tax increases will be imposed on all taxpayers next year. This is the so-called fiscal cliff, and President Obama is using this unpalatable situation as an excuse to push for his class-warfare tax policy. […]

[…] All I know is that I would like to force these clowns to spend a couple of minutes watching this video from Mattie Duppler of Americans for Tax Reform. They would then realize there is no legitimate argument for Obama’s class-warfare policy. […]

[…] he may want to chat with fellow tax-averse actor Jon Lovitz before moving back to America. Obama’s class-warfare agenda isn’t as bad as what Hollande is trying to impose, but it’s not Hong Kong or the Cayman Islands […]

[…] It appears that there’s no way of avoiding a tax increase. Either we go over the cliff, meaning across-the-board hikes for those who pay federal income tax, or Republicans acquiesce to Obama’s class-warfare tax agenda. […]

[…] It appears that there’s no way of avoiding a tax increase. Either we go over the cliff, meaning across-the-board hikes for those who pay federal income tax, or Republicans acquiesce to Obama’s class-warfare tax agenda. […]

[…] of when the deal is announced, I fear the final result will be some sort of victory for Obama, with class-warfare tax policy that will undermine the economy’s long-run growth and reduce American […]

[…] In his paper, Chris also gives a good explanation of the underlying tax theory in the capital gains tax debate. Simply stated, the statists like the “Haig-Simons” approach because it justifies class-warfare tax policy. […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] 30 was a very troubling development since it signaled that voters could be tricked into enacting class-warfare tax policy, even though they should have realized that more revenue for the state’s politicians would […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] was a very troubling development since it signaled that voters could be tricked into enacting class-warfare tax policy, even though they should have realized that more revenue for the state’s politicians would […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $ 400,000 ($ 450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] though tax reform should appeal to well-meaning liberals, Obama seems committed to the class-warfare approach . Romney, meanwhile, mostly wants to tinker with the current system (when he’s not saying […]

[…] In his paper, Chris also gives a good explanation of the underlying tax theory in the capital gains tax debate. Simply stated, the statists like the “Haig-Simons” approach because it justifies class-warfare tax policy. […]

[…] stimulus was a flop. Obamacare made a bad healthcare system even worse. He keeps pushing for class-warfare tax policy. And he wants to increase the burden of government spending. I fully expect him to pursue the same […]

[…] doing and is in over its head. With that in mind, and given the White House’s position that class warfare taxation is good fiscal policy, how should we interpret a recent publication from the Tax Foundation, which […]

[…] 30 was a very troubling development since it signaled that voters could be tricked into enacting class-warfare tax policy, even though they should have realized that more revenue for the state’s politicians would simply […]

[…] though tax reform should appeal to well-meaning liberals, Obama seems committed to the class-warfare approach . Romney, meanwhile, mostly wants to tinker with the current system (when he’s not saying […]

[…] Second, politicians are very reluctant to lower tax rates on groups that can be demagogued, such as “rich people” and “big corporations.” This is the destructive mentality that drives class-warfare tax policy. […]

[…] Then again, maybe the President understands, but just doesn’t care. He’s already stated, after all, that he favors more punitive tax policies even if the government doesn’t collect any extra revenue. […]

[…] for instance, raised the top tax rate from 35 percent to 39.6 percent as part of his class-warfare agenda. Hoover, by contrast, boosted the top rate from 25 percent to 63 percent and FDR then pushed it to […]

[…] But I also think some background knowledge is necessary to explain why the White House is blowing smoke when they relentlessly demagogue against “corporate jets” as part of their never-ending campaign for class-warfare tax policy. […]

[…] structured the measure so that the majority of voters would be unaffected. It was basically a class-warfare proposal, with a small fraction of the population being targeted to generate (at least in theory) a bunch of […]

[…] he may want to chat with fellow tax-averse actor Jon Lovitz before moving back to America. Obama’s class-warfare agenda isn’t as bad as what Hollande is trying to impose, but it’s not Hong Kong or the Cayman Islands […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] But that assumes that folks on the left are motivated by a desire to maximize tax revenue. If you want to know the biggest obstacle to sensible tax policy, pay close attention beginning at the 4:34 mark of this video. […]

[…] that put liberty over statism, so at least you don’t need a lot of time to figure out whether class-warfare tax policy is desirable, whether the federal government is too big, or whether government should be throwing […]

[…] My fundamental problem with the French system is that the burden of government spending is excessive and the politicians seem to think the answer is additional increments of class-warfare tax policy. […]

[…] the “Top 10″ tax hikes in the President’s budget. Most of them are based on the President’s class-warfare ideology, though he also wants to hit lower-income people with a big hike in the tobacco […]

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[…] recipe for sustainable and strong growth. Growth also is far more likely if lawmakers refrain from class-warfare tax policy and instead seek to collect revenue in ways that minimize the damage to […]

[…] We don’t know the revenue-maximizing point of the Laffer Curve, but Obama seems determined to push tax rates so high that the government collects less revenue. Not that we should be surprised. During the 2008 campaign, he actually said he would like higher tax rates even if the government collected less revenue. […]

[…] policies such as AMT repeal and reductions in double taxation, so he’s definitely not in the Obama class-warfare camp. But it’s also fair to say that his plan won’t do much for growth. Some tax rates are […]

[…] policies such as AMT repeal and reductions in double taxation, so he’s definitely not in the Obama class-warfare camp. But it’s also fair to say that his plan won’t do much for growth. Some tax rates are lowered […]

[…] the corporate income and/or capital income taxes at the personal level.” In addition to those class-warfare policies, it endorses more double taxation of income that is saved and invested, suggesting that “tax […]

[…] stimulus was a flop. Obamacare made a bad healthcare system even worse. He keeps pushing for class-warfare tax policy. And he wants to increase the burden of government spending. I fully expect him to pursue the same […]

[…] So I expect there will be a fight. On one side, we’ll have the rational statists who recognize that spending cuts are needed to avoided a fiscal crisis. On the other side, we’ll have the irrational statists who blindly think more money can be squeezed from the rich with more class-warfare tax policy. […]

[…] important, as I stated in the interview, his success would show that Obama’s class-warfare agenda may have some appeal in basket-case states such as California, but it doesn’t have much support […]

[…] The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy. […]

[…] In his paper, Chris also gives a good explanation of the underlying tax theory in the capital gains tax debate. Simply stated, the statists like the “Haig-Simons” approach because it justifies class-warfare tax policy. […]

[…] 30 was a very troubling development since it signaled that voters could be tricked into enacting class-warfare tax policy, even though they should have realized that more revenue for the state’s politicians would simply […]

[…] to get in on the action. But the most remarkable part of the IMF report is the endorsement of punitive class-warfare taxes… For all intents and purposes, the IMF wants to turn back the clock and return to 1970s-style […]

[…] P.P.S. This image is a funny but accurate illustration of the difference between socialism and capitalism. And here’s a socialism-for-kids image, but it’s really a parody of Obama’s class-warfare mentality. […]

[…] We don’t know the revenue-maximizing point of the Laffer Curve, but Obama seems determined to push tax rates so high that the government collects less revenue. Not that we should be surprised. During the 2008 campaign, he actually said he would like higher tax rates even if the government collected less revenue. […]

[…] policies such as AMT repeal and reductions in double taxation, so he’s definitely not in the Obama class-warfare camp. But it’s also fair to say that his plan won’t do much for growth. Some tax rates are lowered […]

[…] But, for what it’s worth, I think many leftists genuinely think the economy is a fixed pie. And if you have that inaccurate mindset, then extra income or wealth for a rich person – by definition – means less income and wealth for the rest of us. This is why they support class-warfare tax policy. […]

[…] there are some statists who are motivated by envy and resentment. These are the folks who make class-warfare arguments about the death tax being necessary to prevent the “rich” from accumulating more […]